The September FOMC 75bp rate hike speculation in the money market has increased, and the growth of the GDP deflator has accelerated
In response to the higher-than-expected revision of the US GDP in the second quarter, US bond yields have risen and dollar-buying has spread. Expectations for a 75bp rate hike at the next FOMC in the short-term money market rose to 62.5%. 50bp is down to 37.5%. The upward revision of the GDP deflator from the […]
Euro area GDP will be reduced by 40% annually, and there is a view that it will be a blow over the United States
This week, GDP announcements in the second quarter are being made one after another. It was announced today that the euro area preliminary figures were -12.1% YoY. Replacing this with the year-on-year rate gives -40.3%. The US figures released yesterday were a year-on-year rate of -32.9%. A simple comparison shows that the euro area has […]